CEO Spotlight

Smoothing Out Allergan's Wrinkles

CEO David Pyott made Botox a best seller around the world, launching the field of "medical aesthetics."

Many companies made America, but Allergan remade it, from wrinkle-free foreheads on down. A leader in medical devices and specialty pharmaceuticals—Botox is its biggest brand—the Irvine, Calif.-based company is riding a powerful trend toward self-improvement—of brow, bust, and critical spaces in between.

According to the American Society for Aesthetic Plastic Surgery, injectable cosmetic procedures increased by nearly 5,000% from 1997 through 2012. Allergan (ticker: AGN) has been both a driver and beneficiary of this boom....